At Karnaphuli Fertilizer Company

Limited

1
COMPANY MISSION

 Company mission is to become a global leader

in fertilizer manufacturing.

 2nd mission is to set an example of outstanding

public-private partnership.

2
 Ownership
•43% Bangladesh Government,
•30% Japanese Companies
•remaining by European companies.

Structure
CEO
^^
Chief Financial Officer = Chief Technology Officer
^^
Other Manager

MACHANISTIC Organization

3
Qualitative review of HR Practices

Recruitment & selection

Orientation
Training
Compensation
Performance Appraisal

4
HRM PRACTICES
 EMPLOYEE oriented
 shares company profit with its employees.
 Realistic Job Review.

IN CONTRAST
 GP offer company shares to its employees.

OUR REVIEW
 Very realistic and effective

5
RECRUITMENT & SELECTION
 Job Announcement: Paper, Magazine, internet
 Methodology: Three Steps

IN CONTRAST
 GP = Similar + Assessment

OUR REVIEW
 Need Assessment Round

6
ORIENTATION
 5 week Orientation
 Probation period

IN CONTRAST
 GP has brief orientation

OUR REVIEW
 KAFCO is the better one.

7
TRAINING
 Methodology
• mainly through video.
• Computer based training is a skill not popular

IN CONTRAST
 two steps. classroom training, then attachment.

OUR REVIEW
 video training is not the most effective tool
 Need some Computer training

8
COMPENSATION
 Salary From Theory
• management Employee • incentive Payment
• Non-Management • fringe benefits
Employees • Maslow’s Hierarchy
• Salary Survey
IN CONTRAST
 Additional benefits  Provide allowance
• provident fund  Transportation
• severance.
• housing colony, own medical OUR REVIEW
center  By far the best aspect of the
• school & college, mosque company

9
 << KAFCO School

Housing Medical Center >>

Pictures say more than words

10
PERFORMANCE APPRAISAL
 Done annually
 On scale of 5. IN CONTRAST
 done on alternate days by
 informal review takes place
between the employee and the supervisor.
supervisor.  Direct competitions are
 Finally, self-evaluated that carried out
needs to be approved by  annual review by managers
manager
OUR REVIEW
 introduce direct competition

11
RATING ON THE SCALE OF 5
Recruitment & selection (4)
Orientation (4.5)
Training (3)
Compensation (5)
Performance Appraisal (4.5)

12
THANK YOU